Source: Free Association
by Sheldon Richman
“Ludwig von Mises’s 1927 path-breaking work in political theory speaks to the current generations. In section 5 of his introduction to Liberalism: The Classical Tradition, Mises sounds impeccably relevant in describing how the opponents of liberalism and the market economy twist facts that are plainly before our eyes. You’ll see how he refuted the absurd claim that capitalism serves only a tiny privileged and exploitative group. The work of most thinkers passes away soon after they do. Not so with Ludwig von Mises. He began the section by acknowledging what should be obvious. Governments have always interfered with individual freedom, free enterprise, and free markets — in a word, capitalism — in substantial ways. Laissez faire has never been allowed. That does not prove it is impossible, only that people either did not understand the system or did not want its success demonstrated.” (03/28/25)
https://sheldonfreeassociation.blogspot.com/2025/03/tgif-liberalism-and-capitalism.html